Making Money In A Downturn Economy - Presentation Transcript
Making Money in a Downturn Economy Intelligence & Control from Affiliate Marketing
Questions
Who has an Affiliate Program?
Why is it Important?
Can you do more with your Affiliate Program?
The Value of Affiliate Marketing in a Recession
Performance Based Model
Pay Only for Results
Maximize Control
Microcosm of Your Business
Growing in a Recession
Results
Transparency
Measuring
Staying Nimble
Operators & Affiliates Reluctant Bedfellows
Q: Who has more power?
A: The Operator
Sets Commissions
Chooses Promotions
Owns the Program
Responsibilities
Affiliates have their own business.
They are in business with you.
Respect them as business partners.
What Affiliates Need to Succeed
Communication
Support
Promotions
Creatives
Tracking Reports
What Affiliates Evaluate
Conversions – What is a new customer costing me?
Commissions – What am I being paid for my efforts?
Promotions (for customers and affiliates) - How am I and my customers being rewarded?
Retention – What is the site doing to get my customer back? How long are they staying? How much will I make with this program in the long term?
What Affiliates Evaluate
Payments – Am I consistently receiving my payments on time?
Communication (Affiliate Management) – Are my inquiries responded to? Does the program take my needs into consideration? Am I provided with the information that I need to successfully promote?
What You Can Do to Make More Money
Know where Affiliate Program fits into greater acquisition strategy.
Consider Affiliates for Retention (not just acquisition).
Know Your KPI s
Knowing Your KPIs
Tracking: the acquisition channel.
Measurement: the value of acquisitions.
Evaluation: which strategies/tactics work.
Communication: informing affiliates of changes and new promotions.
Tracking & Measurement
Gathering Intelligence
Banner Reports
Account Reports
Earning Reports
Custom Reports
Banner Report
Earnings Report
Evaluation
Period Comparison
Fluctuations Across Time
A/B Testing
Ratio of Change
Period Comparison
Communication
Message Centre
Internal Message Bank by Affiliate Groups
Bulk Email
Email Forwarding
Message Centre
Bulk Email
Affiliate Marketing: Potential for Performance
Potential: Affiliate Software is often under utilized to gather intelligence.
Position: Understand where it fits in your greater acquisition strategy.
Intelligence: Leverage your software tools gather intelligence you can apply to other acquisition channels.
In today’s economic climate, client acquisition a more
In today’s economic climate, client acquisition and retention will be more important than ever for betting businesses. The need for measurable ROI on all marketing strategies will be paramount and will change the way that many business look at their marketing. Through affiliate marketing, operators can create a results focused acquisition strategy and better measure their ROI. less
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